Property prices have increased a lot over the last 15 years and fees for moving home will now set you back thousands of pounds too. This means more homeowners are opting to stay in their property and improve rather than relocate.
Improving your home can be done in a number of ways. Redesigning the kitchen or bathroom is one way to enhance quality of life whilst increasing value. But for those wanting more space in their property there are two options; to extend or convert.
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So why should you choose to convert your loft as an alternative to the other options available to you?
- A better alternative
By extending your home you’ll benefit from an excellent way to gain extra space, which is perfect for those who would rather avoid the hassle and stresses of relocating. For those considering a home extension there are two possible options; to build a conservatory or home extension, or to convert wasted space.
By adding a conservatory to your home you’ll instantly be reducing garden space. With a loft conversion there are seemingly endless opportunities and you can choose to have the space converted to whichever room you need. This isn’t the same with a conservatory, where a bedroom or bathroom simply wouldn’t be feasible.
- Increase property value
When you choose to convert a loft, it’s rarely on the premise of adding value to the home. But this isn’t a bad side effect and in fact you can add significant value with a conversion. Research from the Housing Market Research says that home value will be increased by up to 20% with a conversion in place.
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This equates to between £15,000 and £35,000 for the average home with a bedroom ensuite adding the most. However, no matter the use, creating extra space will add value to your home.
- Extra space
Of course, one of the major incentives to converting your loft is the new found space you’ll benefit from. The loft or attic is commonly a dark and damp area used to hold boxes of Christmas decorations and old toys. But with a conversion you can use the space to cater for a growing family with an extra bedroom for example.
With a large family you could even find a second bathroom more suitable, or perhaps the space can be made into an office retreat or playroom for children.
If you have been considering the prospects of moving home, make sure to think about a loft conversion first as it could provide all the space you’ll need without expensive estate agent fees, solicitor payments and stamp duty.
Facts & Figures You’ll Love To Share
- By converting your loft into a bedroom ensuite you can increase home value by as much as 20%.
- A loft conversion is a cost-effective way to increase living space in the home.
- A loft conversion can suit any need, including a bedroom, bathroom, living room, playroom or home gym.
- Avoid thousands of pounds worth of fees and charges by converting your loft rather than moving home.